China-based EV maker Nio (NIO) reported excellent financial results for the third quarter of 2021 after the market closed on Tuesday. Based out of Shanghai, Nio designs, manufactures and sells smart and connected EVs in China, Hong Kong, the U.S., the U.K., and Germany. (See Insiders’ Hot Stocks on TipRanks) Earnings and Revenues The company recorded a loss of $0.06 per share, narrower than the Street’s estimate of $0.09 per share and the year-ago loss of $0.82 per share. Total revenues increased 116.6% year-over-year to $1.52 billion, surpassing analysts’ expectations of $1.46 billion. Sales and Deliveries Vehicle sales jumped 102.4% year-over-year to $1.34 billion, and other sales surged 350.
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NIO (NYSE:NIO)
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